March 25, 2011

VHC reports increase in export revenues

Vinh Hoan Joint Stock Company (VHC), listed on the Hochiminh Stock Exchange, raked in US$22 million from shipping seafood products abroad in for January-February in 2011, representing an on-year increase of 20%.

The US was the biggest market for the firm's product, accounting for 52% of its export value and 45% of the volume, followed by EU with 29% both and Australia with 5%.

In 2010, VHC made a net profit of VND193.41 billion (US$9.3 million) on revenues of VND2.757 trillion (US$132 million), rising 26.91% and 19.05% on-year, respectively.